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Apple reports record third quarter revenue

$7.7 billion profit made as iPhone and Mac sales rise

Apple has posted a strong set of results for its fiscal 2014 third quarter ended June 28.

The company reported record third quarter revenue of $37.4 billion (£22b) and a net profit of $7.7 billion (£4.5b).

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The results compare favourably to those posted for the same quarter last year, when revenue came in at $35.3 billion and net profit at $6.9 billion.

Apple sold 35,203,000 iPhones during the three month reporting period, up 13 per cent from 31,241,000 units in the third quarter of fiscal 2013.

Mac sales also rose year-over-year, by 18 per cent to 4,413,000 units, while iPad sales declined by nine per cent to 13,276,000 units, and iPod sales fell 36 per cent to 2,926,000 units.

Apple CEO Tim Cook said: "Our record June quarter revenue was fuelled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS growth rate in seven quarters.

"We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can't wait to introduce."

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